FX.co ★ Elliott wave analysis of Litecoin for July 26, 2023

We continue to look for Litecoin to clear minor resistance at 93.58 as confirmation that wave 2/ has completed and a new impulsive rally is unfolding towards 114.44 and ultimately above here too for a continuation towards 131.05.

That said, we are keeping a close eye on short-term important support at 87.41 too as a break below here will call for more downside towards 81.73 and at the same time will force us to review our count from the 40.33 low.